Australia, EU, Japan, US discussing possibility of building sub-regional or regional carbon market with China, says Chinese official; emerging carbon offsets marketing company BluForest analyzing potential of China entering global carbon-trading market
August 7, 2013
– BluForest Inc. ("BluForest" or the "Company"), an emerging leader in the field of Carbon Trading and Renewable Energy, is currently analyzing the potential of China entering the Carbon Trading Market and linking with other countries' carbon trading schemes.
BluForest has been intently watching as China researches the sustainability and functionality of a foundation of national carbon-trading market before linking with other countries' carbon trading schemes. The United States, Australia, Japan and the European Union are discussing the possibility of building a sub-regional or regional carbon market with China, said Xie Zhenhua, vice-chairman of the National Development and Reform Commission. "Our priority is getting our work done first, accumulating experience and then taking part in making the rules," Xie said at a low-carbon forum.(1)
Australian Climate Change Minister Greg Combet has expressed hope of eventually linking Australia's carbon emissions trading schemes with China's and South Korea's, according to Reuters. Australia and the EU agreed in late August to link their carbon trade schemes by 2018. The NDRC selected seven pilot regions in November for the trial implementation of carbon trading. The pilot regions are encouraged to design regional regulations, specify the scope of trading and build a registration system and trading platform.
China is said to focus on the trial implementation of carbon trading by 2015, with the goal of expanding a nationwide carbon market between 2015 and 2020, said Xie. China is working on designing the guidelines for reporting formats and accounting standards of carbon emissions, and building an online energy consumption monitoring system for major industries.
Xie stated that "In the pilot phase, spot trading will dominate carbon trading, while futures trading will be considered when the conditions mature." Xie also added that "the authorities should adopt measures to prevent risks and ensure a steady carbon market without dramatic fluctuations."
"As a result of investment of more than 2 trillion yuan ($315 billion), China cumulatively saved 700 million tons of standard coal over the past seven years, which was equivalent to a reduction of 1.7 billion tons in carbon emissions," said Xie. The annual industrial output of the energy saving, environmental protection and recycling sectors is expected to reach 4.6 trillion yuan between 2011 and 2015. Xie said that adopting mechanisms such as the carbon market would help China reach its targets for energy saving and emission reduction in a more economical way.(2)
BluForest is entering a rapidly evolving industry that offers investors the opportunity to get involved during the early stages of a marketplace poised for significant returns with mitigated risks. In addition to the voluntary carbon market which is demonstrating significant growth resulting from awareness and social responsibility, the Carbon Credit regulatory markets in Europe, Australia, California, Mexico and several other jurisdictions are also experiencing substantial growth. These indicators and the potential developments within the EU all point to a clear message: "The time to invest in BluForest, an ethical company positioned to capitalize on this growth has never been better!"
Our initial land assets rank amongst the most valuable in the world. Their location within a government protected National Park places them on a level above most competitors who often face risks associated with permanence and other influences beyond their control.
About BluForest Inc. BluForest Inc. is a development stage company that is a publically traded carbon offsets marketing and renewable energy company. BLUF is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The BluForest website provides further information about the company which prospective investors are encouraged to visit.
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